Greece Makes First Crypto Seizure Tied to North Korea’s $1.5B Bybit Hack
Greek authorities have carried out the country’s first cryptocurrency seizure, blocking access to funds lifted from February’s record $1.5 billion Bybit hack linked to North Korea’s Lazarus Group.
The Hellenic Anti‑Money Laundering Authority traced a suspicious transaction to a wallet that on‑chain data tied to the initial theft. That wallet, according to Greece’s Minister of Economy and Finance Kyriakos Pierrakakis, was tied to a “Greek platform providing exchange services.”
Analysts, according to a blog post, used Chainalysis Reactor to map the flow of funds to establish “a definitive connection between the cryptocurrency in the suspect user’s wallet and the primary wallets used in the Bybit hack,” the post…
